Pankaj Polymers Limited has appointed Mr. Mayank Chawla as its Chief Executive Officer and Whole-time Director for a period of five years, effective June 09, 2026. The decision was taken during a Board meeting held on Tuesday, aimed at strengthening the company's leadership and governance structure. The appointment of Mr. Chawla, who brings over 25 years of experience in telecom and fintech sectors, is subject to the approval of the members.

The Board also approved the appointment of four additional directors to expand its oversight capabilities. Mr. Vikas Garg and Mr. Rahul Nagar were appointed as Non-Executive Non-Independent Directors, liable to retire by rotation. Their tenure extends up to the date of the ensuing General Meeting, pending shareholder approval. Both appointees are co-founders of Kredmint and bring significant expertise in digital financial services and technology.

In a move to bolster independent governance, the Board appointed Mr. Siba Narayan Panda and Ms. Richa Kalra as Non-Executive Independent Directors for a term of five consecutive years. Mr. Panda, a former Chief General Manager at the Reserve Bank of India, and Ms. Kalra, a qualified Company Secretary, are not liable to retire by rotation. Their appointments are also subject to member approval and necessary declarations of independence have been furnished.

Summary of Appointments

Furthermore, the Board approved the establishment of a Corporate Office at B-46, First Floor, Sector-2, Noida, Uttar Pradesh – 201301. The company clarified that this new location will serve as the Corporate Office and will not replace the Registered Office located in Secunderabad. The meeting commenced at 03:30 P.M. and concluded at 05:30 P.M. on June 09, 2026.

Pankaj Polymers Limited's statutory auditor, M/s. Luharuka & Associates, resigned effective May 29, 2026, citing pre-occupation and prior commitments. The firm confirmed there were no material reasons for the resignation or concerns regarding the company's management. The Board will consider appointing a new statutory auditor to fill the casual vacancy caused by this departure.

The resignation was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Luharuka & Associates was appointed for the financial year 2024-2025, with a term scheduled to expire until the financial year 2028-2029. The latest audit conducted by the firm was for the year ended March 31, 2026, with the report signed on April 30, 2026.

Auditor Details

The filing provided specific details regarding the outgoing auditor and the nature of the resignation. The company confirmed that no deliberation by the Audit Committee was required as no concerns were raised by the resigning auditor.

The company stated that the information provided in the letter and its attachments is correct and complete. The Board will notify the exchanges once a new statutory auditor is appointed to fill the vacancy.